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Key characteristics of GST in Singapore include: The business selling the goods or service is responsible for collecting the tax and for paying it to the authorities; GST is only charged by GST-registered businesses. A business must register for GST if its annual turnover exceeds S$1 million.
WHY IS SINGAPORE RAISING THE GST? The GST increase supports public spending that benefits Singaporeans, including better healthcare, education, and security. To manage the impact of GST, we absorb GST for publicly subsidised healthcare and education.
Goods and Services Tax (GST) in Singapore is a value added tax (VAT) of 9% levied on import of goods, as well as most supplies of goods and services. Exemptions are given for the sales and leases of residential properties, importation and local supply of investment precious metals and most financial services.
The General Operators Certificate (GOC) is the highest level GMDSS radio operator qualification and is suitable for professional mariners including Merchant Navy deck officers, offshore radio operators serving on mobile platforms, and commercial yachtmasters.
Singapore GST / VAT Goods and Services Tax (GST) was introduced into Singapore in 1994 at 3%. It is now 7%. All taxable supplies of goods or services are liable to GST - exceptions apply to some financial services.
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Goods and Services Tax (GST) in Singapore is a value added tax (VAT) of 9% levied on import of goods, as well as most supplies of goods and services.
The organs of government are provided for by a written constitution which forms the supreme law of Singapore. The Constitution lays down the fundamental principles and basic framework for the three organs of state, namely, the Executive, the Legislative and the Judiciary.

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